Last report update for Chatham: Tuesday, May 13, 2008
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Chatham Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Chatham

Year Year to Year
Comparison
** National
Contribution
2008: * 9.33% * 0.02%
2007: 16.00% 0.04%
2006: 28.00% 0.07%
2005: 13.33% 0.03%
2004: 16.00% 0.04%
2003: 12.00% 0.03%
2002: 5.33% 0.01%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 22.67% and 0.06% respectively. ** Total national contribution of Chatham mortgages in the past is currently 0.25% with a projected target of 0.28%.

Busy Months for Mortgage Applications within Chatham

This bar graph shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Chatham mostly occur during our first quarter (represented by the brown bars) with 41.33% while our slowest is the fourth quarter (represented by the red bars) with 14.67%.

RankMonth Percentage
of Inquiries
1: February: 21.3%
2: April: 12.0%
3: July: 10.7%
4: March: 10.7%
5: January: 9.3%
6: December: 6.7%
7: August: 6.7%
8: June: 5.3%
9: September: 5.3%
10: November: 4.0%
11: May: 4.0%
12: October: 4.0%
Busy Months Report for Chatham Mortgages

Busy Days for Mortgages within Chatham

The bar graph listed below displays the busy days for mortgage inquiries that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Chatham the busiest day of the week, with 21.33% of all submissions, is Thursday. In comparison, Friday's are the slowest day with only 9.33% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Thursday: 21.3%
2: Monday: 18.7%
3: Tuesday: 14.7%
4: Wednesday: 13.3%
5: Saturday: 12.0%
6: Sunday: 10.7%
7: Friday: 9.3%
Busy Days Report for Chatham Mortgages

Peak Hours for Mortgages within Chatham

In Chatham, mortgages are received 24 hours a day on the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 34.7% of all mortgages are received during the morning, while 65.3% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
03:00 to 03:59: 1.3%
05:00 to 05:59: 4.0%
06:00 to 06:59: 4.0%
07:00 to 07:59: 1.3%
08:00 to 08:59: 4.0%
09:00 to 09:59: 6.7%
10:00 to 10:59: 5.3%
11:00 to 11:59: 8.0%
12:00 to 12:59: 6.7%
13:00 to 13:59: 4.0%
14:00 to 14:59: 12.0%
15:00 to 15:59: 6.7%
16:00 to 16:59: 2.7%
17:00 to 17:59: 5.3%
18:00 to 18:59: 4.0%
19:00 to 19:59: 8.0%
20:00 to 20:59: 2.7%
21:00 to 21:59: 9.3%
22:00 to 22:59: 2.7%
23:00 to 23:59: 1.3%
Peak Hours Graph for Mortgages in Chatham

Note: Only hours that have had mortgages from Chatham, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Chatham Mortgages

Current City Standing within Ontario


Location Contribution
036:  BELLEVILLE, ON 0.268%
037:  CORNWALL, ON 0.265%
038:  ORLEANS, ON 0.262%
039:  THORNHILL, ON 0.262%
040:  WELLAND, ON 0.258%
041:  CHATHAM, ON 0.248%
042:  KANATA, ON 0.248%
043:  NORTH BAY, ON 0.242%
044:  MILTON, ON 0.238%
045:  WOODBRIDGE, ON 0.235%
046:  STONEY CREEK, ON 0.225%

Nearest Settlements


1Charing Cross, Ontario
2Blenheim, Ontario
3Ridgetown, Ontario
4Tilbury, Ontario
5Merlin, Ontario
6Bothwell, Ontario
7Wallaceburg, Ontario
8Dresden, Ontario
9Belle River, Ontario
10Cottam, Ontario
11Tecumseh, Ontario
12Oil Springs, Ontario
13Algonac, Ontario
14Wheatley, Ontario
15Thamesville, Ontario


Product Popularity for Chatham


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 22.7%
No Money Down: 21.3%
Refinance: 20.0%
Qualification: 16.0%
Renewal: 8.0%
Purchase: 6.7%
Commercial: 2.7%
Low Doc: 1.3%
Equity Mortgage: 1.3%
 
Total Application Types Found: 9
 Chatham Mortgage Product Popularity Pie Chart

Age Demographics for Chatham Mortgage Applicants

Average age: 36
Oldest age: 69
Youngest age: 19


Incomes for Chatham Mortgage Applicants

The amounts below are the average income of people living in Chatham who have applied for a home loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Chatham: $46,595.97
applicants within all of Canada: $56,384.30
Difference: ($9,788.33)
  
mortgage co-applicants in Chatham: $38,900.58
co-applicants within all of Canada: $39,375.53
Difference: ($474.96)

Note: Commercial Mortgages were not included for this survey, only home loans were used.

Residential Status for Chatham Mortgage Applicants

The information below represents the residential status of people living in Chatham who have applied for a mortgage loan using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 41.3%
Own: 45.3%
Other: 4.0%
No Comment: 4.0%
Live with parents: 5.3%
Chatham Residential Status Pie Chart

Marital Statistics for Chatham Mortgage Applicants

The following pie chart represents the marital status of applicants from Chatham, Ontario using the preapproval application located at canequity.com. In Chatham, approximately 60% of the mortgage applicants are living together with someone, while only 40% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 37.3%
Single: 26.7%
Common-law: 22.7%
Separated: 8.0%
Divorced: 5.3%
Chatham Marital Status Pie Chart